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Gold slides as Fed minutes, Hormuz oil spike lift yields

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Gold slides as Fed minutes, Hormuz oil spike lift yields

Spot gold and silver fell in late-afternoon U.S. trading Wednesday as renewed U.S.-Iran escalation, a sharp crude-oil rally, and hawkish Fed minutes lifted Treasury yields and the dollar. Higher yields and a stronger USD undermined precious-metal demand while oil strength signaled risk and inflation sensitivity.

Analysis

Spot gold and silver fell in late-afternoon U.S. trading Wednesday as renewed U.S.-Iran escalation, a sharp crude-oil rally, and hawkish Fed minutes lifted Treasury yields and the dollar. Higher yields and a stronger USD undermined precious-metal demand while oil strength signaled risk and inflation sensitivity.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.30

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